Mitch's Weekly Market Report
Indianapolis, IN 46205
Condos/Townhomes
Email: Mitch@ToHelpUmove.com | Phone: (317) 223-1673
Indianapolis, IN 46205
Sat Sep 12 2026
This week the median list price for Indianapolis, IN 46205 is $162,500 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $162,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $131 | |
| Average Days on Market | 154 | |
| Median Days on Market | 81 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $282,000 | 1,526 | - | 3 | 2.3 | 31 | 0 | 1 | 248 |
| $202,450 | 1,310 | - | 2 | 1.8 | 33 | 0 | 0 | 94 |
| $159,450 | 1,783 | 4,500 - 6,500 sqft | 2 | 1.5 | 66 | 0 | 0 | 28 |
| $135,950 | 1,223 | 0 - 4,500 sqft | 2 | 1.3 | 57 | 0 | 0 | 56 |